---
title: "Dormant Bitcoin Whale Transfers $137 Million in BTC After 4 Years"
url: https://diffcoin.com/dormant-bitcoin-whale-transfers-137-million-in-btc-after-4-years/
description: "Another Bitcoin whale has awoken from four years of slumber, transferring out its holdings as the crypto hovers a little below $38k."
published: 2023-11-30
updated: 2023-11-30
author: "Mila"
site: "Diffcoin"
---

# Dormant Bitcoin Whale Transfers $137 Million in BTC After 4 Years

A Bitcoin wallet address has sprung back to life after approximately four years of inactivity.

The dormant whale transferred its entire stash of 3,623 BTC – worth around $136.94 million – to two new wallets. On-chain data suggest that the whale amassed 3,623 BTC worth almost $25 million between October 25, 2018, and December 31, 2019. During this timeframe, Bitcoin was trading on average at $6,889.

- As [reported](https://twitter.com/lookonchain/status/1730053375184736329) by Lookonchain, the investment has skyrocketed to a staggering $136.94 million, considering the current market price, marking a profit of around $112 million.

> A whale that had been dormant for ~4 years transferred all 3,623 [$BTC](https://twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw)($136.94M) to 2 new wallets 1 hour ago.
> 
> This whale accumulated 3,623 [$BTC](https://twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw)($24.96M) at ~$6,889 from Oct 25, 2018 to Dec 31, 2019.
> 
> At current prices, the profit is ~$112M. [pic.twitter.com/wrMe4loIwm](https://t.co/wrMe4loIwm)
> 
> — Lookonchain (@lookonchain) [November 30, 2023](https://twitter.com/lookonchain/status/1730053375184736329?ref_src=twsrc%5Etfw)

- According to data compiled by BitInfoCharts, the whale was sitting on a profit of $244 million in BTC during the bull run in November 2021 when Bitcoin exchanged hands at $67.5k.
- The substantial movement of funds introduces an interesting aspect to the market. Deciding to use or move dormant coins is often complex and depends on individual circumstances and various factors.
- For instance, a significant increase in Bitcoin’s value might lead owners to sell or trade their inactive assets to capitalize on profit opportunities.
- Amidst market recovery, 2023 witnessed a flurry of mysterious wallet movements from previously dormant whales.
- Earlier this month, three Bitcoin whale addresses recently moved a total of 6,500 Bitcoins to new wallets, with a combined value of around $230 million.
- On September 19th, a dormant Bitcoin address transferred over $46 million worth of crypto after six years, sparking concerns of intense sell pressure in the market.
- Another whale inactive for more than a decade woke up from its slumber in July to transfer $31 million in BTC.

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[Source link](https://cryptopotato.com/dormant-bitcoin-whale-transfers-137-million-in-btc-after-4-years/)